Point-of-View-SA Blog

Does Treasury Tell the Truth? Pt. 3

Posted on: July 28, 2009

$7 million savings? What bluddy savings? 1,600 PS reduction over 4 years? Impossible – a blind man can see that the revenue is in such  fragmented disorganisation that it does the Under Secretary no credit to join the spin  of deception. The state is broke. $12 billion of billowing debt is indeed a debt by any other name whether it be “unfunded liability” or ” $8 billion on track by 2034″ or whether the inability to rein in $174 million from over 500,000 unpaid fines. Treasury needs to have a very close look at what they see in the mirror and to consider more carefully whether they should publish assessments that are credible, that would withstand not only the scrutiny of the public but also the Auditor General who is on record as having complained that unaudited data is being presented to the Parliament to support Government agendas. It is time too, that Treasury disclosed whether the interest bill on borrowings has reached $1.5 million a day.

To view this story  online go to: http://www.news.com.au/adelaidenow/comments/0,,25843880-5006301,00.html


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  • None
  • Linda: It is not limited to the Liberals. The current State Government has a lot to answer for concerning me and my family.
  • Ahmad Hewes: I loved your blog article.Really looking forward to read more. Will read on...
  • pointofviewsa: Sorry Mr. Mc. Been out of action with an aneurysm repair - not recommended for anyone who likes to be busy and my post op advice is to not consider ri
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